00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Market commentator, the Kobe Ysit.
00:06Letter highlighted a sharp rise in cryptocurrency card payments on Wednesday,
00:10citing data from on-chain analytics firm PaymentsCan.
00:14Cumulative payment volumes reached $7.8 billion,
00:18with monthly volumes more than doubling from $271 million in May 2025 to $656 million in May 2026.
00:27Tether settled 72% of total payment volume, while USDC accounted for roughly 18%.
00:34Visa commanded over 90% of the payment network market share, followed by MasterCard.
00:40The Kobe C-letter called cryptocurrency cards the ultimate use case for stablecoins.
00:45Payment volumes have climbed since the Genius Act was signed into law in July,
00:50establishing the first comprehensive U.S. regulatory framework for dollar-pegged payment stablecoins.
00:55For all things money, visit Benzinga.com.
Comments